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RETAIL BANKING | Cesar Tordesillas, Taiwan
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Vietinbank to conclude 20% stake sale in Q4

VietinBank will conclude a 20% stake sale to a foreign strategic partner in in the fourth quarter.

 

Talks over the deal wil be completed in the third quarter, before it gets finalised the following quarter.

The deal with cut state ownership to 60%.

The plan is to cut state stake to 51% in the next two years as instructed by the Prime Minister, said Pham Huy Hung, chairman of VietinBank.

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